Neutral impactOrders & Deals

Sebi's CAS rule change bigger positive for brokers vs exchanges: Jefferies

Business Standard 1 hr ago·16 Oct 2026, 8:42 am

The Securities and Exchange Board of India (Sebi) has approved a new rule to calculate the settlement price for derivatives contracts on expiry days. Instead of using the closing price, the regulator will now use the volume-weighted average price (VWAP). This metric is calculated by taking the average price of a stock over a specific period, weighted by the total volume of trades during that time.

This change is seen as a significant win for brokers, as it reduces volatility and makes their operations smoother. For exchanges, the impact is expected to be less pronounced. The shift aims to make the market more stable and transparent for retail investors.

Key takeaways

  • Category: Orders & Deals.
  • Assessed as a significant, market-relevant update.

Why it matters

A meaningful update worth tracking. Use the price and stock snapshot to gauge how the market is responding.

Summary & analysis by DocStoX. Full story at Business Standard.

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